Vetr upgraded shares of Taser International Inc. (NASDAQ:TASR) from a buy rating to a strong-buy rating in a research note released on Wednesday morning.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research raised Taser International from a sell rating to a hold rating in a research note on Thursday, August 4th. CL King raised Taser International from a neutral rating to a buy rating and set a $32.00 price objective on the stock in a research note on Wednesday, July 6th. Oppenheimer Holdings Inc. reaffirmed a rating on shares of Taser International in a research note on Friday, October 7th. Ladenburg Thalmann reaffirmed a buy rating and set a $28.00 price target on shares of Taser International in a research note on Friday, July 1st. Finally, Dougherty & Co reaffirmed a buy rating and set a $23.00 price target on shares of Taser International in a research note on Thursday, June 23rd. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $27.63.
Taser International (NASDAQ:TASR) opened at 22.92 on Wednesday. The firm has a 50-day moving average price of $25.73 and a 200-day moving average price of $24.12. Taser International has a 1-year low of $13.56 and a 1-year high of $30.15. The company has a market capitalization of $1.20 billion, a P/E ratio of 91.68 and a beta of 0.33.
Taser International (NASDAQ:TASR) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $58.80 million for the quarter, compared to the consensus estimate of $54.25 million. Taser International had a return on equity of 9.25% and a net margin of 6.22%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. On average, analysts forecast that Taser International will post $0.27 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the company. Columbia Wanger Asset Management LLC bought a new stake in shares of Taser International during the second quarter worth approximately $10,538,000. Cortina Asset Management LLC acquired a new position in Taser International during the second quarter valued at about $6,813,000. Primecap Management Co. CA acquired a new position in Taser International during the second quarter valued at about $5,656,000. Bank of New York Mellon Corp raised its position in Taser International by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 2,270,332 shares of the company’s stock valued at $56,485,000 after buying an additional 205,121 shares in the last quarter. Finally, Kennedy Capital Management Inc. acquired a new position in Taser International during the first quarter valued at about $2,503,000. 71.52% of the stock is owned by hedge funds and other institutional investors.
About Taser International
TASER International, Inc is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) designed for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. The Company is also engaged in development of connected wearable on-officer cameras, which utilize its cloud-based digital evidence management solution (Axon solution).
To view Vetr’s full report, visit Vetr’s official website.
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